SA calls for IMF head to come from developing nation

Thursday, May 26, 2011

Cape Town - South Africa has called for the next head of the International Monetary Fund (IMF) to be appointed from developing nations.

Cabinet spokesperson Jimmy Manyi made the announcement at a post-Cabinet briefing on Thursday.

"Cabinet endorsed the view that the next leadership of the IMF should come from the emerging countries," said Manyi.

However, he reiterated that Cabinet had not discussed "any names of potential candidates."

The powerful IMF position has recently been left vacant after the fall of its French former head, Dominique Strauss-Kahn, who faced allegations of rape in the US.

Pressed by journalists for further information on the matter, Manyi said the matter was "sensitive" and South Africa was still consulting with its partners.

On a separate subject, Manyi said Cabinet had been "alarmed at the steady rise" in the killing of police officers by criminal elements.

"Cabinet issued a stern warning that any person found guilty of such criminal behavior will be dealt with by the full might of the law. Cabinet also calls on all South Africans to contribute towards building a safer and more secure society by partnering with the police and reporting any criminal activity," said Manyi.

On international matters, he said that a meeting to bring together Brazil, South Africa, India and China (BASIC) was scheduled to start in Durban today.

The meeting to discuss the Conference of the Parties (COP 17), said Manyi, was a build up to South Africa's hosting of the major COP 17 conference later in the year.

Shifting focus to the request by the South African Sports Federation for the country to bid for the hosting of the 2020 Olympic Games, Manyi said Cabinet decided to consolidate the gains of the 2010 World Cup and service delivery issues, instead of bidding for the Games.

He said that the bidding price was $50 million, an amount which could be used to build more RDP houses